Re: Auto Loan Approvals!

RossALD · ‎11-17-2008

APPROVING BANK:VW Credit

BUREAU PULLED:?
CREDIT SCORE: Somewhere around 700, had cosigner
CUSTOMER STATE OF RESIDENCE: Rhode Island
NEW/USED:Used
YEAR OF VEHICLE:2004

MAKE: VW

MODEL:R32

MILEAGE:35,000

RETAIL/LEASE: Retail
AMOUNT OF LOAN:20,000
TERM CONTRACTED: 72
APR/LEASE RATE: 6.25%

MONTHLY PAYMENT: 321

MISCELLANEOUS COMMENTARY:

cramirez · ‎10-16-2007

APPROVING BANK: Mazda American Credit
BUREAU PULLED: TransUnion
CREDIT SCORE:681...MyFico says 681, dealer said it was 732---not complaining
CUSTOMER STATE OF RESIDENCE: MA
NEW/USED:New
YEAR OF VEHICLE: 2009

MAKE: Mazda

MODEL: Mazda3
MILEAGE: 4
AMOUNT OF LOAN: $19,800
TERM CONTRACTED: 36 months
APR/LEASE RATE: 0%
MONTHLY PAYMENT: $550
MISCELLANEOUS COMMENTARY: I decided to put no money down since I was getting 0% financing. Dealer also offers free oil changes and service for the life of the car

IrishPM · ‎04-17-2008

APPROVING BANK: Harley Davidson Credit/Eaglemark Savings Bank
BUREAU PULLED: Experian

CREDIT SCORE: 705

CUSTOMER STATE OF RESIDENCE: Hawaii
NEW/USED: New (motorcycle)

YEAR OF VEHICLE: 2009

MAKE: Harley Davidson

MODEL: 883XL Sportster

MILEAGE: 0.0

RETAIL/LEASE: Retail purchase

AMOUNT OF LOAN: $11,000 (includes $1,200 extended warranty)

TERM CONTRACTED: 72 mos.

APR/LEASE RATE: 9.00 %

MONTHLY PAYMENT: $230

MISCELLANEOUS COMMENTARY: Purchased this motorcycle for some inexpensive transportation here in Hawaii. The credit app was very brief...sales person came back within 10 minutes and told me I was approved for much more than what I wanted to finance...took about 2 hours from the time I walked in to riding the bike out of their parking lot. If you're in the market for buying a motorcycle, Harley Davidson/Eaglemark was a pleasant experience to deal with.

General note: My FICO scores range from 681 (Equifax) to 705 (Experian)...I have $0 credit card debt...no mortgage debt...no BK, no lates, just 2 paid liens from 1997 that still show in my public records section of my credit file....

My credit score with Equifax dropped 21 points after Harley Davidson posted the installment amount to my Equifax credit file....Experian and TransUnion did not drop. Wild and wierd stuff.

gs62551 · ‎07-23-2008

APPROVING BANK: Spire CU
BUREAU PULLED: Equifax
CREDIT SCORE: 644
CUSTOMER STATE OF RESIDENCE:MN
NEW/USED:USED
YEAR OF VEHICLE:2007

MAKE:NISSAN

MODEL:MAXIMA SE
MILEAGE:32000
RETAIL/LEASE:Retail/Financed
AMOUNT OF LOAN:15020
TERM CONTRACTED:60
APR/LEASE RATE:5.24
MONTHLY PAYMENT:284.
MISCELLANEOUS COMMENTARY:Having two bad previous auto loans and one from Fireside thrift that was 5 years old and still had a small balance that I refused to pay them on principal I knew i was in for some tough time trying to find financing. I went to three dealers because they hard 3 cars that I would even attempt to purchase. Finance manager worked his tail off and moments before I signed for a 12.4 interest rate on another Maxima, he finally got the deal done through Spire FCU. I instantly walked away from the other deal and got my car. The car is fully loaded, has everything and is still under factory warranty. I got a fantastic deal, and they got a customer for life. I will be back to get my new Maxima as my graduation present in 2-3 years.

Seablazer · ‎11-20-2008

APPROVING BANK: Chase
BUREAU PULLED: Equifax
CREDIT SCORE: 540, Co-signer- 690

CUSTOMER STATE OF RESIDENCE: NY

NEW/USED:NEW

YEAR OF VEHICLE:2009

MAKE: Mazda

MODEL:6 S Grand Touring

MILEAGE: 55
RETAIL/LEASE: Retail/Financed
AMOUNT OF LOAN: 28769

TERM CONTRACTED:72
APR/LEASE RATE:14.99 (Ouch, will refinance once the credit situation is improved)

MONTHLY PAYMENT: $640

MISCELLANEOUS COMMENTARY: Was out on Workers Compensation last year and could not keep up with any of many of my payments (only two that stayed up to date were student loans). Knew I would need a co-signer and would be at the mercy of the financial institutions. Was originally set on not having a payment greater than $550, but that was shot out the window. I will deal with the high payments for a year and then try to refinance. In the mean time, I will be paying almost $800 a month to make sure I'm not upside down when it comes time to refi.

jesslyn · ‎06-13-2008

APPROVING BANK: USAA
BUREAU PULLED: Equifax
CREDIT SCORE: haven't pulled since 8/15, on good behavior since, so 670+ (give or take)

CUSTOMER STATE OF RESIDENCE: NY

NEW/USED: Used

YEAR OF VEHICLE:1999

MAKE: Lexus

MODEL: RX 300

MILEAGE: 20/24
RETAIL/LEASE: retail
AMOUNT OF LOAN: 9000

TERM CONTRACTED: 48
APR/LEASE RATE: 8.44

MONTHLY PAYMENT: $ 220

MISCELLANEOUS COMMENTARY: dealership couldn't finance me at 4 years because it is such an old car. 1 owner, garaged, only 70k miles. Price was 10,499, got them down to 9999 so that tax and everything would add up to less than $11k (9k financed + 2k from insurance claim). Went ahead and got a warranty for cars with less than 80k miles, and I'm feeling really good about the whole transaction!

anthonyfellows · ‎11-19-2008

APPROVING BANK: Toyota Financial

BUREAU PULLED: EQ
CREDIT SCORE: 717
CUSTOMER STATE OF RESIDENCE: IN
NEW/USED: NEW

YEAR OF VEHICLE: 2009

MAKE:Toyota

MODEL: Corolla

MILEAGE: 6
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 18,000
TERM CONTRACTED: 60 MO
APR/LEASE RATE: 7.5

pepper-anne · ‎04-23-2008

APPROVING BANK: Toyota Financial
BUREAU PULLED: EX
CREDIT SCORE: 594
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 09

MAKE: Toyota

MODEL: Corolla
MILEAGE: 3
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 23,000
TERM CONTRACTED: 60

APR/LEASE RATE: 4.9
MONTHLY PAYMENT: $390.00
MISCELLANEOUS COMMENTARY - had to have co-signer in order to get low apr. Could of got the 0% finance but payments would of been too high for me to afford. I'll pay extra when I can and get paid off before the 5 years. I think 5 yr loan is too long, but dealer/co-signer thought I'd be more comfortable. No penalty to pay loan off early. Did put small down payment.

dvroberts81 · ‎06-28-2008

APPROVING BANK: Ford Credit
BUREAU PULLED: Experian
CREDIT SCORE: Experian 522
CUSTOMER STATE OF RESIDENCE: Northern Virginia
NEW/USED: New
YEAR OF VEHICLE: 2009

MAKE: Ford

MODEL: Focus
MILEAGE: 357
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $16511
R/LEASE RATE: 10.99%
TERM CONTRACTED: 60 months
APR/ LEASE RATE: 10.90%

MONTHLY PAYMENT: $358.10

MISCELLANEOUS COMMENTARY: I am 20yo and a first time buyer. Didn't have a co-signer but I put down $3000 in cash.

09/2008-515
10/2008-522
11/2008-540

Single charge off, Wachovia won't PFD.
New Auto Loan at 10.9% w/ Ford Credit

UpNUp · ‎08-20-2008

APPROVING BANK: MINE
BUREAU PULLED: MINE
CREDIT SCORE: 720 ?
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: USED
YEAR OF VEHICLE: 2006

MAKE: HYUNDAI

MODEL: SONATA
MILEAGE:33000 MI
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: ZERO
TERM CONTRACTED: ZERO
APR/LEASE RATE: ZERO
MONTHLY PAYMENT:ZERO
MISCELLANEOUS COMMENTARY: After all these years I'm proud to say I was able pay cash for a car. No credit apps, no credit checks, no payments, no bull.